Arkansas bans pharmacy benefit managers from owning pharmacies in state [Yahoo! Finance Canada]
CVS Health Corporation (CVS)
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Source: Yahoo! Finance Canada
The measure comes as other states are considering restrictions on pharmacy benefit managers, which run prescription drug coverage for big clients that include health insurers and employers that provide coverage. Supporters of the restrictions have said pharmacy benefit managers are forcing independent pharmacies, especially in rural areas, out of business. “For far too long, drug middlemen called PBMs have taken advantage of lax regulations to abuse customers, inflate drug prices, and cut off access to critical medications. Not anymore,” Sanders said in a statement released by her office. CVS Health has been running TV ads in the state opposing the bill and urging Sanders to veto it. CVS officials have said the legislation would force the company to close 23 pharmacies in the state and would disrupt service for thousands of customers. The company on Wednesday it welcomed a discussion with policymakers in Arkansas and other states on ways to make medicine more affordable and a
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- 12/2/25 - Form 4
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